Reminds me of a Matt Levine quote: "It is not original to me, but one thing that I think and write a lot is that cryptocurrency enthusiasts keep re-learning th

Reminds me of a Matt Levine quote: "It is not original to me, but one thing that I think and write a lot is that cryptocurrency enthusiasts keep re-learning the lessons that regular finance learned decades ago, and that you can see a lot of financial history replaying itself, sped up, by observing cryptocurrency." I see this play out a lot. While ironic, it is (to your point) instructive to see the cryptocurrency ecosystem learn the same lessons of traditional financial history all over again. [1] https://www.bloomberg.com/opinion/articles/2018-05-16/high-frequency-trading-for-bitcoins https://www.bloomberg.com/opinion/articles/2018-05-16/high-f...